In a transaction last year, credit card giant American Express acquired U.K. digital payments startups Cake Technologies, the global financial firm recently confirmed.
WePay will continue to operate as a standalone company and receive additional resources from JPMorgan Chase to continue to grow.
"What we are seeing is a tipping point regarding adoption," said Mark Ranta, head of digital banking solutions at ACI Worldwide.
PwC report: “Traditional institutions are transforming themselves at a pace not seen before with greater urgency than in most other markets."
"We use Apple Pay in apps, we use it in the web, and there was one final frontier we wanted to conquer," said Craig Federighi of Apple.
According to the coffee company, today's disruption was related to an internal technology update malfunction — not the global WannaCry cyberattack.
Bank of American was honored by Treasury Management International for its "commitment to innovations that are driving a change in client behavior and opportunity."